Tag Archives: bank of uganda

Kampala, Uganda | GODFREY SSALI  | The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay debts that were incurred by the now closed Crane Bank. This follows a suit filed by an advertising company Premier Advertsing and media Ltd …

Government given 15 days to defend itself in the Ivan ‘Don’ Ssemwanga funeral money court case The High Court in Kampala has  given the Attorney General and Bank of Uganda 15 days to file a written defence explaining why they never restrained socialites from the self styled “Rich Gang” from …

Experts tell Museveni, Mutebile, Muhakanizi President Yoweri Museveni’s unchecked spending and the Ministry of Finance and Bank of Uganda efforts to clean have created a lope-sided economy that is hurting everyone. That is the view of several economists interviewed by The Independent. Dr. Lawrence Bategeka, formerly a researcher at the …

Bank of Uganda has moved to assure customers that Crane Bank will not collapse in spite of its current challenges. BoU took over the management of Crane Bank on Oct 20 citing under-capitalization. Speaking during the Annual Bankers Dinner in Kampala, BoU Governor Emmanuel Tumusiime-Mutebile (Pictured) said that it was …

THE LAST WORD: By Andrew M. Mwenda Lesson for Central Bank from the experience of the takeover of Crane Bank This week, the government injected Shs 200 billion into Crane Bank to bolster its liquidity position. This is only 40% of the Shs 500 billion needed to bring the bank …

VIDEO: Bank of Uganda governor Prof Emmanuel Mutebile has announced a 1 percentage point reduction in the CBR to 13% from 14% in the month of August as BOU continues to lower the Central Borrowing Rate with the hope of supporting domestic economic growth especially amidst the ongoing global economic slowdown. According to …

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

Uganda is one of the top performers in financial inclusion, according to the US-based Brookings Finance and Digital Inclusion Project (FDIP). Uganda was ranked 5th among the 26 countries surveyed with the success being attributed to a strong level of mobile money adoption and the amendment of the Financial Institutions …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

On March 31 2016, the total value of all loans in Uganda’s commercial banking industry was Shs21.7 trillion of which Shs528 billion were non-performing loans (or “bad loans”) i.e. 2.64% of the total. Under the effective oversight of Bank of Uganda, especially its director for supervision; Justine Bagyenda (known in …